Guantao is one of the first law firms in China to offer reorganisation and liquidation services. Since 2002, the China Securities Regulatory Commission (CSRC) has focused on regulatory rectification against breaching or illegal acts of securities companies, and Guantao advised on the mandates from CSRC in the risk disposal of the first securities company – Dalian Securities Co., Ltd. Taking this as an opportunity, Guantao built up an insolvency team by leveraging our strengths in integrated network of offices and our social resources to enhance our technical expertise and practical experience. We now have established the Reorgnisation and Insolvency Committee consisting of over 100 specialists, who have worked out an entire set of work flow, internal rules, practice guidelines, templates and precedents for handling restructuring and insolvency cases, which enables our team to work by a unified standard and for an optimum quality.
In recent years, we have been included in the rosters of administrators appointed by various PRC courts, including Beijing High People's Court, Chongqing High People's Court, Guangdong High People's Court, Henan High People's Court, Shaanxi High People's Court, Hainan High People's Court, Xi’an Intermediate People's Court, Xiamen Intermediate People's Court, Dalian Intermediate People's Court, Hangzhou Intermediate People's Court, Ji’nan Intermediate People's Court, Nanjing Intermediate People's Court, Fuzhou Intermediate People's Court, and Chongqing No. 5 Intermediate People's Court.
We have handled over 1,000 reorganisation, insolvency liquidation, and compulsory liquidation cases, as administrator, of non-bank financial institutions and other companies, acting in a great many insolvency cases and insolvency-related litigation involving creditors and investors in reorgnisations. We have also acted as legal counsel for debtors, creditors, shareholders, and strategic investors in a range of significant debt restructuring and insolvency cases, where we offered optimal solutions by helping identify risks and each party’s objectives.
In addition, we have set up an insolvency law research and practice base, through which we collaborate closely with PRC top law schools and scholars to gain their academic support.